Maxim Announces Postponement of Annual General and Special Shareholder Meeting

Toronto, Ontario – May 1, 2015 – Maxim Resources Inc. (“Maxim” or the “Company”) (TSX V: MXM) announces it has postponed its annual general and special meeting of the shareholders (the “Meeting”) to 4:00 pm on Monday, June 8, 2015. The record date for shareholders entitled to vote at the Meeting is April 20, 2015.

The postponement will allow the Company and its advisors additional time to complete due diligence and execute a definitive agreement withQuest Investments LLC and its wholly owned subsidiary Quest Oil & Gas Ventures Inc. (“Quest”) to acquire up to a 17.5% indirect equity ownership interest in an oil and gas exploration and production concession covering an onshore area of 747km2 within the Emirate of Umm Al-Quwain, in the United Arab Emirates, all as disclosed in the Company’s press releases dated March 23, 2015 and April 7, 2015.

About Maxim

Maxim is an oil and gas exploration company based in Vancouver, Canada. The Company is focused
on identifying assets that meet the following criteria, producing, near term enhancement and exploration
opportunities. Investments may be by way of acquisition, participation and/or fractional interest. Its most recent
investment is a Reconnaissance Contract for the Hassi Berkane Block, in the Kingdom of Morocco in partnership
with the National Office of Hydrocarbons and Mines.

We encourage any interested parties to visit www.maximresources.com and hit the Register for News tab at the top of the page.

Issued on behalf of the Board of Directors of Maxim Resources Inc.

Arthur Brown
Arthur Brown, Chairman of the Board

For further information, please contact the Company at +1 604 630 0280 or toll free at +1 888 882 8891, This email address is being protected from spambots. You need JavaScript enabled to view it.  http://www.maximresources.com  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the acquisition by the Company in an interest in Quest. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Maxim believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Maxim disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.